Gold recovery loses momentum near 4,200 resistance

Gold rebounded from 3.940 but loses steam near 4.200. Within a bearish trend, sellers eye 4,000 & 3,885 if 4.200 holds. Bulls need a break above 4,290.
XM Group | 122 hari yang lalu

Overview: Gold's recovery from the seven-month low at 3,940 is showing signs of fading near 4,200. Despite the recent break above the 20-day SMA at 4,150, the medium-term bias remains bearish, suggesting sellers retain overall control.

Momentum: Short-term momentum has improved, but technical indicators remain in negative territory, suggesting the rebound is corrective in nature rather than signalling a sustained trend reversal.

Bearish Scenario: A rejection near 4,200 could attract renewed selling pressure, exposing support at 4,000, followed by the October 2025 low at 3,885.

Risk: Downside potential would be limited by a sustained break above 4,290 (23.6% Fibo).

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